Income Generator - Issue 1 (closed account)

Financial Services Compensation Scheme

We are part of the Financial Services Compensation Scheme (FSCS). Details of the scheme, and who is covered by it, are available here.

Income Generator - Issue 1 - Monthly Interest (Closed Account)

Account Balance

AER %

Gross %

£5,000 & over

0.80

0.80

Rate effective from 1st January 2018

Important Information

Interest rates are variable and calculated on a daily basis. Bonus rates are fixed (unless otherwise stated), calculated on a daily basis and paid annually in accordance with the account terms and conditions.

'AER' stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded each year. As every advert for a savings product will contain an AER, you will be able to compare more easily what return you can expect from your savings over time.

The Gross rate is the contractual rate of interest payable before the deduction of income tax.

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